View more on these topics

Confusion on Select Choice

Last week’s issue of Money Marketing wrongly suggests that I was disparaging about the Select Choice proposition from Barclays.

I think the confusion arises from questions at a conference held in May. As I recall, I made the point that a risk of some multi-tie propositions was that the intermediary would not keep under review the performance of its multi-tie partners and might stick with those partners even when they were performing poorly.

I was careful to add that where the composition of multi-ties was kept under review, as I understood to be the case with Barclays and others, then there might not be all that difference in substance from those IFAs who choose to operate a panel which is changed only periodically.

Moreover, I believe that I also pointed to the possible benefits of the Select Choice arrangement in being able to obtain service improvements for its clients from its selected partners.

David Severn

Former director general, Aifa


Doing the rounds

With few fund managers staying in the saddle for more than four years, our panel consider whether the merry-go-round will ever stop


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm